Price for Frozen Boneless Cuts of Bovine Meat in Myanmar - 2022
Contents:
- Price for Frozen Boneless Cuts of Bovine Meat in Myanmar (CIF) - 2022
- Price for Frozen Boneless Cuts of Bovine Meat in Myanmar (FOB) - 2022
- Imports of Frozen Boneless Cuts of Bovine Meat in Myanmar
- Exports of Frozen Boneless Cuts of Bovine Meat in Myanmar
Price for Frozen Boneless Cuts of Bovine Meat in Myanmar (CIF) - 2022
The average import price for frozen boneless cuts of bovine meat stood at $9,002 per ton in 2022, jumping by 214% against the previous year. Over the period under review, the import price showed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($10,064 per ton), while the price for India amounted to $2,599 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nepal (-2.6%), while the prices for the other major suppliers experienced a decline.
Price for Frozen Boneless Cuts of Bovine Meat in Myanmar (FOB) - 2022
The average export price for frozen boneless cuts of bovine meat stood at $650 per ton in 2022, approximately reflecting the previous year. Overall, the export price showed a abrupt contraction. The growth pace was the most rapid in 2020 a decrease of -5.3% against the previous year. The export price peaked at $5,138 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.9% per year.
Imports of Frozen Boneless Cuts of Bovine Meat in Myanmar
For the third year in a row, Myanmar recorded decline in overseas purchases of frozen boneless cuts of bovine meat, which decreased by -47% to 95 tons in 2022. Over the period under review, imports continue to indicate a precipitous decrease. The smallest decline of -26% was in 2020.
In value terms, imports of frozen boneless cuts of bovine meat soared to $854K in 2022. In general, imports saw a precipitous curtailment.
| Import of Frozen Boneless Cuts of Bovine Meat in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 46.2 | 96.0 | 44.2 | 819 | 160.7% |
| India | 3,560 | 1,960 | 58.3 | 35.1 | -78.6% |
| Hong Kong SAR | 613 | 599 | 130 | N/A | -53.9% |
| Nepal | 336 | 52.9 | 74.8 | N/A | -52.8% |
| Brazil | 234 | 303 | 85.1 | N/A | -39.7% |
| Others | 877 | 241 | 121 | N/A | -62.9% |
| Total | 5,666 | 3,252 | 513 | 854 | -46.8% |
Top Suppliers of Frozen Boneless Cuts of Bovine Meat to Myanmar in 2022:
- Australia (81.4 tons)
- India (13.5 tons)
Exports of Frozen Boneless Cuts of Bovine Meat in Myanmar
For the third consecutive year, Myanmar recorded decline in overseas shipments of frozen boneless cuts of bovine meat, which decreased by 0% to 48 tons in 2022. In general, exports showed a dramatic curtailment. The smallest decline of -95.4% was in 2020.
In value terms, exports of frozen boneless cuts of bovine meat amounted to $31K in 2022. Over the period under review, exports saw a sharp shrinkage. The smallest decline of -95.7% was in 2020.
| Export of Frozen Boneless Cuts of Bovine Meat in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 3.8 | N/A | N/A | 31.0 | 101.3% |
| China | 360 | 15.6 | N/A | N/A | -95.7% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 364 | 15.8 | N/A | 31.0 | -56.0% |
Top Export Markets for Frozen Boneless Cuts of Bovine Meat from Myanmar in 2022:
- Hong Kong SAR (47.7 tons)
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